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Power price determination relatively fair – MPs

MPs are cautiously optimistic about the National Energy Regulator of South Africa’s (Nersa’s) determination of electricity tariffs, Parliament’s energy portfolio committee chairperson Sisa Njikelana said on Wednesday.

“It’s worth looking at with a smile. I caution and qualify my response because we still have to get Eskom to respond to it,” Njikelana said after Nersa briefed the committee on the power price determination process.

Nersa assured the committee that Eskom would not be bankrupted by the decision to increase electricity tariffs by 8% over the next five years…